Spire Global sues Kpler to force $233.5M maritime sale; warns of going concern

Spire Global, Inc.

Filed complaint in Delaware Chancery on Feb 10, 2025, seeking specific performance to close the maritime sale.
Buyer Kpler refused to close despite Spire believing all conditions satisfied; deal enterprise value $233.5M.
Cash $19.2M as of Dec 31, 2024, only $4.8M in US; cannot repay Blue Torch debt if deal fails.
Restatement not completed; expects to miss NYSE deadline of Feb 19, 2025; seeks extension to March 31.
Substantial doubt about ability to continue as a going concern for at least 12 months.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.